Penobscot Wealth Management Acquires New Shares in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY)

by · The Cerbat Gem

Penobscot Wealth Management bought a new position in Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,238 shares of the company’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FUTY. CWM LLC grew its stake in shares of Fidelity MSCI Utilities Index ETF by 66.1% in the second quarter. CWM LLC now owns 1,146 shares of the company’s stock worth $50,000 after acquiring an additional 456 shares during the period. American National Bank grew its position in Fidelity MSCI Utilities Index ETF by 27.8% in the 2nd quarter. American National Bank now owns 1,616 shares of the company’s stock worth $71,000 after purchasing an additional 352 shares during the period. Gradient Investments LLC grew its position in Fidelity MSCI Utilities Index ETF by 25,520.0% in the 2nd quarter. Gradient Investments LLC now owns 2,562 shares of the company’s stock worth $113,000 after purchasing an additional 2,552 shares during the period. Rogco LP purchased a new stake in Fidelity MSCI Utilities Index ETF during the 1st quarter valued at $157,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Fidelity MSCI Utilities Index ETF during the 2nd quarter valued at $200,000.

Fidelity MSCI Utilities Index ETF Price Performance

Shares of FUTY opened at $51.21 on Friday. The firm has a market capitalization of $1.35 billion, a P/E ratio of 22.79 and a beta of 0.50. Fidelity MSCI Utilities Index ETF has a one year low of $37.82 and a one year high of $52.94. The business has a fifty day moving average of $50.72 and a 200 day moving average of $47.22.

About Fidelity MSCI Utilities Index ETF

(Free Report)

The Fidelity MSCI Utilities Index ETF (FUTY) is an exchange-traded fund that is based on the MSCI USA IMI Utilities 25\u002F50 index. The fund tracks the MSCI US IMI Utilities 25\u002F50 Index, a market-cap-weighted index of stocks in the US utilities sector. FUTY was launched on Oct 21, 2013 and is managed by Fidelity.

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